Daily Forecast – Share Market – July 29th, 2024
Impact of Foreign cues | Nifty may look for 25000 shortly
Big Players are on | Trade with care (common man)
Mars is in conjunction with Jupiter, and placed in the lagna of India’s Horoscope, that means impact of foreign cues will be very strong in our nation or ups and downs of share market.
Moon with Saturn (Rx) leads the day, well supported by Jupiter, Mercury, Ketu and Venus. Foreign cues may remain better and I had mentioned in my opening line that market will be influenced heavily with the impact of foreign cues. So, I believe that on date we may see once again rise in the levels of market and may try to look for 25000 of Nifty. Banks, IT, communication, logistics and others may remain supportive.
Word of caution for the casual traders, it will be better to guard your money time to time. Book your profits as and when required. Do not swim long with the wave. At any moment these players may pull down the levels of market.
Areas like banks, IT, communication, telecom, space, defense, automobile and communication instruments.
Crude oil may remain around 81 USD (Brent).
Keep a watch on FIIs and DIIs. Nifty may look for upper levels, as mentioned in my earlier post that Nifty may look for 25000, possibly market may try for the level achievements. Opening may be positive. Let the market settle down.
Indian Currency
Indian Rupee may trade in between 83.30 to 83.90 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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